All you want to know about National Level Development Banks with their Paid up and Reserve
ShareSansar, July 30;
In total there are 24 National Level Development Banks in Nepal. As per the Monetary Policy 2072/73 unveiled by NRB, National Level Development Banks needs to increase their capital to Rs 2.50 arba by the end of FY 2074. Earlier the minimum paid up requirement for National Level Development Bank was Rs 64 crore.
In terms of paid up capital up to the 3rd quarter of 2071/72 fiscal year of the National Level Development Banks, only two development banks has a paid up capital of more than Rs1 arba.
Yeti Development Bank Limited (YETI) stands at the top with a paid up capital of Rs 1.38 arba but has a reserve in loss of Rs42.32 crore during the above mentioned period. It needs to increase its capital by Rs1.13 arba by the end of Ashad, 2074 to meet the requirement of paid up capital of Rs 2.50 arba, set by the monetary policy of 2015/16.
After Yeti Development Bank stands Clean Energy Development Bank Limited (CEDBL) with a paid up capital of Rs 1.25 arba and a reserve of Rs 28.44 crore.
Business Universal Development Bank (BUDBL) Limited has a paid up capital of Rs93.46 crore. It has a reserve and surplus of Rs 18.65 crore.
ViborBikas Bank Limited (VBBL) has a paid up capital of Rs 91.70 crore although its reserve is in loss of Rs 28.25 crore.
It’s interesting that NIDC Development Bank has one of the lowest paid up capital and highest reserve among all the National Level Development Banks. It’s paid up capital stands at Rs 41.58 crore and reserve at Rs 2.55 arba.
| Company Name | Paid up | Reserve | Additional capital required |
| Yeti Development Bank Limited | 1,386,233.00 | (423,263.00) | 1,113,767.00 |
| Clean Energy Development Bank Limited | 1,259,913.00 | 284,450.00 | 1,240,087.00 |
| Business Universal Development Bank Limited | 934,690.00 | 186,589.00 | 1,565,310.00 |
| Vibor Bikas Bank Limited | 917,074.00 | (282,504.00) | 1,582,926.00 |
| Society Development Bank Limited | 897,930.20 | (241,627.27) | 1,602,069.80 |
| Kailash Bikash Bank Limited | 895,323.00 | 395,608.00 | 1,604,677.00 |
| Ace Development Bank Limited | 885,312.00 | 223,006.00 | 1,614,688.00 |
| Infrastructure Development Bank Limited | 827,534.00 | 196,763.00 | 1,672,466.00 |
| Deva Bikas Bank | 818,000.00 | 1,682,000.00 | |
| Fewa Bikas Bank | 816,215.00 | 1,683,785.00 | |
| Supreme Development Bank Limited | 811,622.00 | 191,656.00 | 1,688,378.00 |
| Jyoti Bikas Bank Limited | 791,800.00 | 173,042.00 | 1,708,200.00 |
| Triveni Bikas Bank | 740,000.00 | 1,760,000.00 | |
| Shangrila Development Bank Limited | 736,000.00 | 234,429.00 | 1,764,000.00 |
| Reliable Development Bank Limited | 716,893.00 | 172,274.00 | 1,783,107.00 |
| Garima Bika Bank | 711,000.00 | 1,789,000.00 | |
| International Development Bank Limited | 704,000.00 | 119,335.00 | 1,796,000.00 |
| Kasthamandap Development Bank Limited | 679,897.00 | (18,316.00) | 1,820,103.00 |
| Tourism Development Bank Limited | 678,400.00 | 141,982.00 | 1,821,600.00 |
| Apex Development Bank | 666,563.00 | (89,234.00) | 1,833,437.00 |
| Siddhartha Development Bank Limited | 645,000.00 | 131,206.00 | 1,855,000.00 |
| Muktinath Bikas Bank | 640,025.00 | 1,859,975.00 | |
| NIDC Development Bank Limited | 415,823.40 | 2,550,590.34 | 2,084,176.60 |
| Gorkha Development Bank | 198,246.00 | (737,806.00) | 2,301,754.00 |
*Triveni Bikas Bank Limited has merged with Kavre based Bright Development Bank and Parsa based Public Development Bank and the paid up capital shown in the table is after merger.
*Deva Bikas Bank Limited is a recently formed National level bank formed by the merger of NDEP Development Bank and Rising Development Bank. The paid up capital shown in the table is after merger.
*Garima Bikas Bank is a recently formed National Level Bank formed after the merger with NilgiriBikas Bank. The paid up capital shown in the table is after merger.
*Muktinath Bikas Bank has acquired Civic Development Bank to be upgraded as a National level Bank. The paid up capital shown in the table is after merger.
*Fewa Bikas Bank is a national level bank formed after the merger of BiswaBikas Bank and Fewa Finance. The paid up capital shown in the table is after merger.
* Clean Energy Development Bank has already entered the merger process with NMB Bank Limited.
